Arkam Ventures led $4.3 M raised by BharatAgri in extended Series A round
The extended Series A funding round for BharatAgri, an advisory-led e-commerce platform for farmers, was led by Arkam Ventures and raised $4.3 million (Rs 35 crore). Capria Ventures, along with previous investors India Quotient, 021 Capital, and Omnivore, participated in the round as well.
According to a press release from the company, the money will be used to expand BharatAgri’s e-commerce platform into new regions and improve last-mile delivery.
Rahul Chandra, MD of Arkam Ventures, will join the BharatAgri board following the investment. Arkam has now made three investments in the agritech sector. It previously supported Jumbotail and Jai Kisan.
BharatAgri, which was founded by Siddharth Dialani and Sai Gole, helps farmers find and order the best input products based on their unique farming requirements. The business has developed prediction algorithms that offer guidance tailored to crops, regions, and climatic changes.
Farmers have access to this personalized advisory, which would help them increase farm yield while reducing input costs and labor requirements. According to its online store, it offers more than 10,000 agricultural products, including fertilizers, seeds, pesticides, insecticides, and farming equipment, among others.
According to BharatAgri, the combination of advisory and e-commerce will boost farmers’ output by 30%, cut costs by 10%, and boost earnings by 100%. It plans to strengthen its distribution network, increase last-mile delivery, and decrease turnaround time (TAT) over the course of the next 12 months.
In February of this year, BharatAgri raised the first portion of the extended Series A round led by Capria Ventures.
